‘Good News’ for Housing Market Is Questionable
Along with other notes of economic ‘good news’ in the media recently, suggestions surfaced that a turnaround in the housing market might be taking place as evidenced by a drop in delinquencies and total foreclosures. One bright spot: the Senate voted last Wednesday to ban no-doc or stated-income mortgages, which some call “liar loans” and helped cause the tumultuous downturn of the industry.
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